Provident Financial Services (PFS) Earns Daily Media Sentiment Rating of 0.16

Media stories about Provident Financial Services (NYSE:PFS) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Provident Financial Services earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the savings and loans company an impact score of 47.0619155009575 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

PFS has been the topic of a number of analyst reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Provident Financial Services in a research report on Friday, October 27th. Zacks Investment Research raised Provident Financial Services from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $28.50 price target on shares of Provident Financial Services in a research report on Wednesday, November 1st. ValuEngine lowered Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. Finally, Sandler O’Neill lowered Provident Financial Services from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $28.42.

Shares of Provident Financial Services (PFS) opened at $25.93 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.12 and a quick ratio of 1.08. The stock has a market capitalization of $1,725.25, a PE ratio of 17.06, a price-to-earnings-growth ratio of 1.76 and a beta of 0.94. Provident Financial Services has a 12-month low of $23.19 and a 12-month high of $28.76.

Provident Financial Services (NYSE:PFS) last issued its earnings results on Friday, January 26th. The savings and loans company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.03). Provident Financial Services had a return on equity of 7.61% and a net margin of 24.75%. The business had revenue of $85.20 million for the quarter, compared to analyst estimates of $85.36 million. During the same period last year, the business posted $0.35 EPS. equities research analysts expect that Provident Financial Services will post 1.84 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Wednesday, February 14th. Provident Financial Services’s dividend payout ratio (DPR) is presently 54.79%.

In other news, Director Carlos Hernandez sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $27.58, for a total transaction of $82,740.00. Following the sale, the director now owns 81,958 shares of the company’s stock, valued at approximately $2,260,401.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Donald W. Blum sold 6,100 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $28.47, for a total value of $173,667.00. The disclosure for this sale can be found here. Insiders have sold a total of 18,100 shares of company stock worth $502,377 in the last three months. Corporate insiders own 2.90% of the company’s stock.

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About Provident Financial Services

Provident Financial Services Inc is a holding company for The Provident Bank (the Bank). The Bank is a New Jersey-chartered capital stock savings bank. As a community and customer-oriented institution, the Bank provides personal service and customer convenience in serving the financial needs of the individuals, families and businesses residing in its primary markets areas.

Insider Buying and Selling by Quarter for Provident Financial Services (NYSE:PFS)

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